This scripts shows ER cross 0.6 and -0.6.
Green Arrow below candle shows ER crosses above 0.6 and Orange on shows it crosses below 0.6.
Red Arrow below candle shows ER crosses below -0.6 and Blue on shows it crosses above 0.6.
Green Dot shows bearish climatic candle and red dot shows bullish climatic candle. usally this signs for reversal/pullback.
Pips-Stepped, Adaptive-ER DSEMA w/ DSL is an Efficiency-Ratio-Adaptive, Double-Smoothed EMA with Pips Stepping and Discontinued Signal Lines. This combination reduces noise and improves signal quality.
What is Double Smoothed Exponential Moving Average (DSEMA) ?
The Double Smoothed Exponential Moving Average is a lot less laggy compared to a traditional EMA...
The ability the Kaufman adaptive moving average (KAMA) has to be flat during ranging markets and close to the price during trending markets is what make this moving average one of the most useful in technical analysis. KAMA is calculated by using exponential averaging using the efficiency ratio (ER) as smoothing variable where 1 > ER > 0 . An...